Thursday Links: Baby Elephants or Killjoy Kastle?

Carol Vogel reports that hedge fund manager of SAC and bullish art collector Steven A. Cohen will sell about $80 million worth of works he recently acquired through private collections. His company’s recent deal with the government to plead guilty to securities fraud is said not to have informed the decision. “Ever the trader, Mr. Cohen is also taking advantage of today’s active art market where new collectors will often pay far more for artworks than they are worth.” [The New York Times]

In response to a conversation over Twitter about the aforementioned article, Greg Allen updated the Greater Fool Theory on Wikipedia to include the art market, using Steven Cohen as the example. [Wikipedia]

Miley Cyrus dry humps a wrecking ball. We have Terry Richardson to thank for that video and photoshoot. She’s also sharing her Halloween porn pumpkins on instagram. Trick or Treat! [The Superficial]

The Toronto Sun has taken to trolling artists. Killjoy Kastle, a lesbian haunted house that features a room of severed penises and a mock-ball busting room, has sparked an op-ed in the guise of reporting on how Canadian tax dollars are being misspent. We’re talking 500 bucks. Allyson Mitchell, the artist behind the project, refused to allow The Sun entry into the haunted house. [The Toronto Sun]

USC’s Roski School of Fine Arts is hiring two part-time lecturers and two tenure track position. [USC via The Baer Faxt]

What a lead, “Art Toronto isn’t anyone’s favorite fair, but it’s the one we have.” Looks like we weren’t the only ones underwhelmed with this fair. [BlouinArtInfo]

Look out publishing world: The home furnishing company Restoration Hardware (now RH) is releasing a quarterly pub, RH Contemporary Art Journal. This follows the Times’ September profile of RH’s plans to open a Chelsea gallery this November, which discussed about company’s Orwellian leadership. Company president, Gary Friedman, “compares himself to the Roman architect Vitruvius and enjoys alliterative euphemisms. RH is not a company, it’s a “cause.” It’s not about profits, but “purpose”; not about brand, but “beliefs.” Employees are referred to as “team members,” and the marketing department is called the “truth group.” [New York Times Magazine]